New highs reached in February for numbers of steel index futures and options contracts traded, derivatives firm says.
The derivatives trading firm CME Group has announced that it has reached monthly trading volume records for its NYMEX U.S. Midwest Domestic Hot-Rolled Coil (HRC) Steel Index futures and options (HRO) contracts in February. The contracts are listed by and subject to the rules of the New York Mercantile Exchange (NYMEX).
During February, U.S. Midwest Domestic HRC Steel Index futures set a monthly volume record of 6,619 contracts, surpassing the previous record of 6,214 contracts reached in January 2012. At the same time, U.S. Midwest Domestic Hot-Rolled Coil Steel Index Average Price options recorded a monthly record of 1,350 contracts, surpassing the previous record of 1,000 set in August 2012.
CME Group exchanges offer a range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.
CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group operates CME Clearing, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions.